Stamp duty and registration on HUF partition through mutual family settlement
I, my brother, my sister are members of our father's HUF. The HUF holds properties which we want to dissolve HUF and distribute amongst ourselves through mutual agreed principals of distribution. There are 4 properties owned by HUF: two are whole and solely owned by HUF and in two HUF holds a small share (5% and 7%) . Two wholly owned properties are in Gujarat and the other two partly owned properties are in Maharashtra. What is the applicable stamp duty (if any) and whether registration of the properties is possible (with or without paying stamp duties) ?
Asked 5 years ago in Property Law
Religion: Hindu
To my knowledge the stamp duty applicable in Maharashtra for the dissolution of HUF is 2% on the highest value property payable once. Please confirm this or suggest correction if wrong.
Asked 5 years ago